New to Algorithmic Trading. What tools do you use today and how?

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New to Algorithmic Trading. What tools do you use today and how?

posted May 13, 2020

Seeking Help Tools and Tips

Hello Everyone,

I have recently been learning a bit more about financial analysis and decided to take a Udemy course on Python for Financial Analysis and Algorithmic Trading. The course is great and I recommend it to anyone interested, but it is also nearly 3 years old now and I know Quantopian has had some big changes since this course's release.

My question now is what are the most popular tools being used today and for what purposes? I know you can no longer live trade on Quantopian, so if this is someone's interest, what is the best way to go about it? I would really appreciate some insight on a full live traders software setup just to further my understanding of the topic. For example, is it more common to use an online platform, or do more live traders install the needed libraries directly to their machines?

I have done some reading and came across two other platforms: QuantConnect and Alpacca Market. So is it common to use Quantopian for the research in Notebook and then if you want to live trade, use one of these other platforms for the algorithm? I only just came across Alpacca today and it seems its sole purpose is live trading.

For now, I am really enjoying using and learning Quantopian and hope to submit my first algorithm soon. I am just looking to broaden my understanding of the topic, so any response or direction is greatly appreciated.

Thanks all and happy coding

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The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by Quantopian.

In addition, the material offers no opinion with respect to the suitability of any security or specific investment. No information contained herein should be regarded as a suggestion to engage in or refrain from any investment-related course of action as none of Quantopian nor any of its affiliates is undertaking to provide investment advice, act as an adviser to any plan or entity subject to the Employee Retirement Income Security Act of 1974, as amended, individual retirement account or individual retirement annuity, or give advice in a fiduciary capacity with respect to the materials presented herein. If you are an individual retirement or other investor, contact your financial advisor or other fiduciary unrelated to Quantopian about whether any given investment idea, strategy, product or service described herein may be appropriate for your circumstances. All investments involve risk, including loss of principal. Quantopian makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances.